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Crypto lending firm Genesis Global has reportedly been given the green light by a U.S. Bankruptcy Judge to return approximately $3 billion in cash and cryptocurrency to its clients. This move leaves the firm’s owner, Digital Currency Group (DCG), with no recovery from the bankruptcy. What Happened: On Friday, U.S. Bankruptcy Judge Sean Lane approved Genesis’ Chapter 11 liquidation plan, dismissing an objection raised by DCG. The objection was based on the argument that Genesis should only pay its customers and creditors based on the value of crypto assets in January 2023, when the firm filed f…

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